Newfoundland Real Estate Stats for October

November 4, 2009 · Filed Under St. John's Real Estate 

CMHC released their Third quarter data for Newfoundland MLS Real estate the other day.  As expected, we are officially in a balanced market now within the  St. John’s Real Estate area.  New MLS listings edged down once again, as did the number of sales compared to September’s Newfoundland Real Estate Stats.  New listings were on par with 2008’s third quarter, but with available inventory 27% higher, this gives buyers more time to shop and compare houses.  Total number of houses that expired in October was up 53% since October of last year.  Having your house priced correctly is KEY in this market.

Total # of new MLS Listings [Oct] =397 (based on residential stats)

Total # of Sales [Oct] = 325

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 1829 (residential only)

Here is a break down by area for the month of October

St. John’s Real Estate: Listings = 167   Sales = 132 Sales/Listings Ratio = 79%

Average Sale Price is St. John’s: $217,032 for the month of October

Mount Pearl Real Estate: Listings = 26 Sales = 23  Sales/Listings Ratio = 88%

Average Sale Price: $218,681

Paradise Real Estate: Listings =40 Sales = 41 Sales/Listings Ratio =102%

Average Sale Price: $262,591

East Extern Real Estate: Listings = 28 Sales = 19  Sales/Listings Ratio = 68%

Average Sale Price: $249,459

Conception Bay South Real Estate: Listings = 45   Sales = 31  Sales/Listings Ratio = 69%

Average Sale Price: $216,627

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Comments

One Response to “Newfoundland Real Estate Stats for October”

  1. Manassas VA Homes on November 26th, 2009 3:15 pm

    It appears that your market is still doing well. Thank you for sharing these statistics.

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